How Are Retail Sales in 2017?

Despite consumer uncertainty, as well as a very sluggish beginning to 2017, the U.S. retail sales industry is projected to increase 4% this year. Headlines show that many retailers and companies posted “soft” holiday sales to end 2016, which caused some notable retailers to either cut jobs or close stores as a result. However, when it comes to 2017, the National Retail Federation (NFR) released an economic forecast projecting the retail industry (this excludes automobiles, gas stations, and restaurants) to grow and reach that 4% increase aim.